To help you identify whether or not you can afford to borrow money, click here to use MoneyHelper’s budget calculator.
Click the following links for more information:
If your spending exceeds or is nearly the same as your income you should think carefully before borrowing, especially as interest rates may rise or you could lose your job. To find out information about interest rates and APR – click here
For further information on borrowing money including details to check such as the length of the loan agreement and basic APR concerns.follow this link.
A debt repayment calculator to see how long it will take you to pay off your loan or overdraft, is avaiable from MoneyHelper.
A Guide to Borrowing and Debt, including everything you should do before you borrow the best ways to pay off your debts, can be found at AdviserBook.
What to do if you feel that you are not getting the service that you expect from your loan company or you have a specific complaint, is available at this link.
A template letters (MS Word Download) is available - Letter if you need to complain to your loan provider
If you require advice and help settling a complaint about your loan company, follow this link to the Financial Ombudsman Service, or click here for their Frequently Asked Questions page.
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